Blackberry buys Good Technology

BlackberryPhone company Blackberry said today it will pay $425 million to buy Good Technology.

Good Technology has expertise in multiple operating systems management and with a broad base in Android, Windows, and Apple iOS.

Blackberry said it will be able to offer cross platform security across all manners of enterprise devices, including bring your own device.

The system Good Technology provides, called Dynamics, gives app level encryption, data loss prevention and secure communications between apps.

John Chen, CEO of Blackberry, said that Good Technology has a “very strong” presence in enterprises and governments worldwide. He said the aim is to make more money from its enterprise software.

Good Technology has over 6,000 enterprise and government customers, and in sectors including banking, aerospace, and defence.

Chen said the transaction will be completed near the end of the firm’s financial third quarter, and that the acquisition will add to his company’s earnings and cash flow in the first year.